Business & Economics - Top Headlines & Latest Trends

Regional retailer Nakumatt Holdings Rwanda based subsidiary has been named the best tax paper by the Rwanda Revenue Authority. Nakumatt Rwanda which operates 3 retail stores in Kigali, Rwanda was adjudged the best tax payer on Friday evening at a colourful event hosted by the RRA to celebrate tax payers in the country. At the event, Nakumatt Rwanda received the 2016 best Taxpayer award

Kwon Oh-hyun resignation. Thev Samsung Electronics’ CEO, vice chairman announced his resignation stepping down from his CEO role as well as his positions on the board and CEO of Samsung display in March 2018. The vice chairman says that his decision has been a long time coming as the company is being confronted with unprecedented crisis inside out. “I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry

Cape Town – A start-up with links to a Cape Town technology venture capitalist is punting blockchain technology as part of an offering to improve consumer behaviour. An initial coin offering, Dala, is being punted for emerging market consumers as an incentive to save and transact using a digital offering. It will also be available as a tradeable form of exchange, a challenge to traditional banking services

Action Aid Uganda Country Director Arthur Larok says that most of the organisation’s activities will be suspended until their bank accounts are unfrozen. Action Aid’s accounts were recently frozen after a directive from Bank of Uganda to Standard Chartered Bank. The Central Bank was acting on a request from the police which is investigating the organisation for allegedly receiving funds to run campaigns that might destabilise the country